Three in ten first-time buyers in England now pay stamp duty, Connells analysis shows
Connells analysis shows 30% of first-time buyers in England now purchase above the £300,000 nil-rate band, against just 10% buying above the previous threshold in early 2025, before the bands changed that April. Lower thresholds pull more purchases into tax, with average bills of £4,440 in the East of England and £5,130 in the South East. For buyers, that is an extra upfront cost beyond the deposit; for sellers near £500,000, the cliff edge is increasingly shaping offers. This reflects the existing regime, not a new tax change.
What this means for…
Buyers· 2/3
Sellers· 2/3
Wider market· 2/3
Each axis scored 1 (minor) to 3 (major). Total 6/9.
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